Optimising M&M Spares Supply Chain – LogiSYM August 2020

The Logistics & Supply Chain Management Society

15% decrease in inventory. With Blue Yonder capabilities, Mahindra & Mahindra Spares Business Unit (M&M SBU) now has greater visibility regarding demand, inventory, supply and distribution plans and are able to make more accurate and timely supply chain decisions.

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Leveraging Digital Technologies To Reinvent And Accelerate Supply Chain Automation – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

The need for more visibility and control in logistics, is needed to closely monitor the activities related to their inventory, sales, and transactions. Real-time stock visibility along with low stock alerts enables end-to-end inventory lifecycle management.

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Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus. Article July 2020

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Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. Article August 2020

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Slowing demand means 6% lower imports from the GCC vs 2019 and 10% lower than 2020 forecast before the virus outbreak.” Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Successful collaboration will result in several benefits – reductions in lead times, improved in-stock fill rates, improved forecast accuracy, and increased inventory turnover. Article September 2020

Bristlecone Flash – October 2020

Bristlecone

With extreme demand volatility felt across industries and traditional demand forecasting methods becoming completely unreliable in 2020, companies are now turning to AI and machine learning (ML) to help steer strategic decisions pertaining to demand forecasting.

The Great Gap Year of 2020

Bristlecone

Today, with nearly two-thirds of the pandemic-hit 2020 over, there is now much anxiety and uncertainty about the coming year. I prefer to think: 2020 is only the beginning, the best is yet to come. I would like to define and remember the year 2020 as the Great Gap Year.

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets.

The Importance of Using Supply Chain Management Software in Procurement

EC Sourcing Group

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

The IMO’s (International Maritime Organization) new Sulphur regulations, IMO 2020, will have far-reaching consequences for the global trade community. IMO 2020: The basics, the challenges, and how to lessen its impact on you. What is IMO 2020? Due to the high level of pollutants in the exhaust of the bunker currently used to power some 60,000+ ships globally, the IMO is going to implement a new regulation regarding these fuels on January 1, 2020. Subscribe Here!

Recognizing Culture at the 2020 Atlanta Supply Chain Awards

Demand Solutions

But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? This past March, Tim Carroll, Product Availability Team Captain at AutomationDirect, was presented the 2020 World-Class Culture Award at the Atlanta Supply Chain Awards (ASCA). Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

Global supply chains are fundamentally rearranging and there’s a lot of reflection on how the urge to optimize efficiency (whether it was offshoring manufacturing to keep labor costs down, or making supply chains very lean to cut inventory costs) made supply chains more fragile.

ANCA Streamlines Procurement with the QAD Supplier Portal

QAD

Inevitably, the procurement process is complex and challenging to manage. Machines can’t be built and shipped without having the right parts in inventory , but at the same time, keeping parts on the shelf consumes space and cash. Procurement System Improvement Goals. Recognizing the vital importance of procurement to their business, ANCA management set about finding a tool to help. Manage consignment inventory. Streamlined Component Procurement.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?”

Realizing the Value of Supply Chain Optimization for Tire Manufacturing

DELMIA Quintiq

From raw material procurement to final product sales, these supply chains’ ability to minimize inventory through product life cycle controls and facilitate prompt product supply is every bit as important as product differentiation strategies.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Bristlecone Flash – March 2020

Bristlecone

With AribaRDS, businesses can transform global sourcing, gain visibility, reduce cycle times and start achieving procurement savings with SAP Ariba Sourcing in as little as six weeks with minimal downtime – and at a price point that won’t break the bank. The post Bristlecone Flash – March 2020 appeared first on Bristlecone. News Bristlecone Labs ERP Supply Chain Planning Supply Chain ProcurementRAPID DEPLOYMENT SOLUTION CAN TRANSFORM SOURCING IN JUST SIX WEEKS.

Trends and Predictions 2020: Supply Chain

Enterra Insights

Supply chains will be able to procure, source, manufacture and handle logistics across a broad array of players including small to medium businesses. Intelligent order management: Supply chains will orchestrate the perfect order and master inventory visibility. Process Automation : “By 2022, firms will dedicate 35% of their logistics business process outsourcing services budget to process automation, focusing on order, inventory and shipment tracking.”

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WES in 2020: Why Combined WES and WMS Functions Build Supply Chain Power

Veridian Solutions

Functions traditionally left solely under the realm of a warehouse management system (WMS), such as inventory management, are no longer distinct from those of warehouse control systems (WCS). The WMS promoted slotting optimization, inventory management, procurement, and order management functions, among much more. The opportunity to invest in a WES in 2020 may be the best time for investment. Technology Warehouse Management WES in 2020

Bed, Bath & Beyond – Second Quarter 2020 E-commerce & Supply Chain Initiatives

Logistics Trends and Insights

Omnichannel capabilities including inventory and warehouse management capabilities such as advanced allocation logic and replenishment strategies to improve customer experience. Focus on strategic sourcing – A newly formed procurement organization will drive anticipated savings by designing and implementing centralized spend control and vendor management processes across all areas of indirect spend.

What are the best Supply Chain Strategies for 2021

ivalua

At the time, this article is being drafted, COVID-19 Cases have topped 59M, underscoring how much the world has endured in 2020. Supply Chain Strategies: What the Pandemic Has Taught Us So Far?

What are the 3 Decision Rules for Inventory Control?

Unleashed

Effective inventory control is a process. It involves many areas of an organisation and is a delicate balance between the three categories of inventory costs. As one of a business’ greatest assets, inventory is also the cause one of the hardest decisions manufacturers, retailers and eCommerce businesses have to make. Therefore, it is important to establish a set of guidelines to improve inventory decisions and optimise inventory control.

Digitized Procurement: Your Setting-off Point to Autonomy

Jaggaer

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype. Over the coming months, we will identify and describe the four levels of development stages on the road to autonomous procurement.

Collaboration? When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk

Supply Chain Shaman

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. In times of growth, when companies are funding inventory builds, cash is needed. Inventory. Inventory management is about much, much more than safety stock management.

The Vaccine Distribution Supply Chain!

Supply Chain Game Changer

An October, 2020 poll by CNN shows that 51% of Americans would get vaccinated. Moderna, Pfizer, AstraZeneca and Janssen all have vaccines in Phase 3 trials as of mid November, 2020. Procurement of Vaccines. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

4 Ways Technology Can Simplify Inventory Management

EazyStock

Inventory is the biggest entry in the balance sheet of many distribution companies and fast deliveries are becoming increasingly important in today’s digital world – especially as an increasing number of people are working remotely. Good software will also perform inventory simulations.

Podcast: Procurement Expert Alan Dunning on Digital Transformation

Requis

On episode 7 of Supply Chain Next, host Richard Donaldson speaks with Alan Dunning, Principal Supply Chain Manager (Procurement & Contracts) for Worley. Alan Dunning has been in procurement for almost 40 years, and has spent the last 20+ years doing project procurement management. Alan and Richard talk about procurement, implementing new technology, and most importantly, the importance of good people in supply chain. ?. Advice to new procurement professionals.

Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

Macro events like the Coronavirus crisis trigger demand volatility that affects every link in your global supply chain—from the raw materials you procure to setting safety stock levels to planning logistics and promotions. Usually disruptive events require redefinition and reconfiguring of the supply chain network in order to identify correct allocation of flows and inventory. Blog demand forecasting Featured inventory optimization machine learning supply chain planning

Master Your Supplier Labeling

Loftware

You have Planning that drives forecast and production scheduling, and Procurement that purchases materials from vendors based on those demand forecasts. Have you ever wondered why your supplier labeling costs are so high?

Supply Chain KPIs You’ll Want Every Morning

Logility

in inventory write-down and 20% drop in stock value. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. COGS, Total Supply Chain Cost, Productivity, Returns Rates, Carry Cost of Inventory.

Supply Chain Financing: Liquid Inventory That Keeps Things Moving

NC State SCRC

It is essentially the flow of funds that keep the supply chain running – think of it as “liquid inventory”, in that it frees up working capital and free cash flow that ensures things don’t grind to a halt. Block Chain Digital Supply Chain Director's Blog Global Supply Chain Information Flows Procure to Pay Supply Chain Finance Uncategorized

Invoice Hub – the Next Horizon for AP Automation

ivalua

So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. We needed to help clients support good procurement practices , and not build new barriers to partnerships.

Five Steps to Launch a Supplier Scorecard

Logility

Building a new supplier scorecard program can have a major impact on the costs and value of your procurement and purchasing functions. Check out this white paper, Leveraging Inventory for Profitable Growth. Demand Planning Inventory Optimization Supply PlanningSupplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. Key uses for a supplier scorecard include: Measuring performance and driving improvements.

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What Supply Chain Data Should I Track in 2020?

Veridian Solutions

To ensure your organization applies data correctly and generates meaningful KPIs , supply chain leaders must know the challenges of data tracking, how it improves operational excellence, and the primary types of data to track in 2020. Challenges in Tracking Supply Chain Data in 2020. With the implementation of API- and web-connected supply chain systems, businesses can manage their inventory and follow up on stock movement more easily and automatically.

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